Following the announced framework nuclear agreement, the chief central bank of Iran, Seyf, encouraged the banks for being more active and being prepared for the bold international attendances in near future. He also warned that the value of non-current banks’ receivables has been increased significantly and raising capital must be in this year banks’ plans for better capital adequacy ratio. Before the sanctions, Saderat and Mellat banks had the most international transactions and high percentage of their income was from the exchange transactions. Now they are more attracted in the market as the possibility of opening swift gets stronger.
After the nuclear framework agreement announcement the banking and automotive sectors recorded for the highest demand in today’s market. The Saderat bank share, which has dropped to 70 IRR during the last year, jumped today by 4% to 95 IRR and recorded more than 1 bn buy orders on that price. It’s noteworthy to mention that the TSE has price fluctuation limitation between -4 to +4 percent on each share. Today most of the shares witnessed huge buy orders on their highest possible price (+4%) with no sales orders in front (Buy Queue).